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"Walter Mitty and the curse of Don Quixote."
Hello. Are you another long time Worldlink follower (sufferer)? You have to admit that their ability to reinvent themselves with the same promises are impressive. They will make a movie on this one day. Neil Riches will be played by Jack Lemon. Irrespective, some decent people in hear are making good money on the price movements. It is like a reverse pass the parcel where it is great each time the music stops but no one wants to be left holding it when the game finishes!!
I am amazed.....so I will read back over the postings and report back. But suffice to say that some ten years ago these same people were right on the cusp of a really major breakthrough.....then they closed their office at The Royal Mint.....and stopped answering the phone
I top sliced 2 grand a few weeks back lol and still in thanks mate
I can scarcelt believe that this old dog has surfaced again. Same old story of "jam tomorrow" I was taken in ten years ago......OMG
I'll just have to keep watching as to how they go, not in any hurry (although within a few months would be good!). Thanks for your advice!
if you are in at 28p, you will likely get a chance to exit with a profit. they always jump up a bit on press releases. 3 weeks ago they jumped from 23p to 37p after one announcement and continued up to 57p the next day before slowly dropping back to where we are today. you'll get a chance to make a profit I'm sure.
Thank you for the advice, I bought at 28.95 so if/when they go back up I will take my money out and take the time to learn and understand properly. I'm only hoping to make small gains to help towards us moving house, should have gone with Thomas Cook instead, oh well it's a learning curve!!
"RNS is both a regulatory and financial communications channel for companies to communicate with the professional investor." If you are new to investing, I would steer clear of volatile stocks and get your skills laid down with safer companies whilst learning the impact of fundamentals (facts and actions of the company and sector) and technical trading (price movements irrespective of fundamentals e.g. a lot of people Sell and take profit when companies hit a new high so the price falls temporarily. A lot of people also buy on pullbacks). The problem with a WGP type stock as a new trader is you will either win big and think it is the norm and take too many risks elsewhere, or you lose, get burnt and lose confidence. There is a reason professional traders get paid many £100Ks and often £millions to secure 7% growth over an entire year without risking the portfolio. My biggest tip for you would be to protect your ability to trade because until the market started trending again, 2010/2011 saw an unprecedented amount of people losing money despite guessing the CORRECT direction of a stock. Volatility has been brutal and wide swings have been triggering Stop Losses before carrying on up (or down). Drop your gearing down so you can take 15-20 consecutive losses and still be able to trade. The best traders in the world have a 50% win rate but the average wins are much higher (cut losses early, let profits run etc). The worst traders ironically have an 80%+ win rate but the average losses are much higher (tendency to over defend positions and top up rather than cut). Sorry for the essay, I worked with traders all the time before I retired (Financial Risk back office).
Inktomi I'd be made up to double my money! Think I'm just a bit nervous as only just started on shares, my others are doing okay but these have fallen through the floor so far! Also excuse my lack of knowledge but what does RNS mean?
In terms of making money though, WGP always spike on half decent RNS so if you get in at 25p and it pops back to 50p, you'd be happy right? No need to stay in for the big picture as high percentage returns can be had on technical price movements.
It's fear it is wishful thinking because in reality, WGP partnerships are really just bog standard offerings of the big players. Saxo for example (who WGP use for their "Worldlink Brokers" website) have dozens of Authorised Representatives and White Labels. IDC will let anyone use their data feeds if they either pay the fees or do a revenue share but cover their own development costs (WGP did the latter as various others do). Ladbrokes is a normal branded offering they offer to anyone who has potential to bring clients from a channel. These are the peoples owned by IDC and are the world leaders operating in US and UK (WGP patent territories). http://www.esignal.com/quotrek/default.aspx It is telling that after nearly 4 years of partnership on the data feed, WGP have nothing from them. HOWEVER, if they pulled a rabbit out of a hat (e.g. all three DO license), then yes, £8 is possible. I suspect WGP going into liquidation again is far more likely. They have not met the terms of their conditioning funding (performance and market cap conditions were attached) and if the imminent Paros Plc judegement goes against them for the full amount, big problems. A normal day in the life as a WGP investor though, they are ultra resilient!
nice drop time to top today once i can release some dosh gl all
I'm very much a newbie.... Is Ladbrokes / £8 a real possibility or just wishful thinking?
The reason the European Patent will never lose its "pending" tag is because 'The applicant was given 4 months to respond to the letter but did not respond in that limit. The examiner’s letter (ref JAC/LTS/5333330) states “Failure to comply with this invitation in due time will result in the application being deemed to be withdrawn (Article 96(3) EPC).” In the section “Revised allowable claims”, Anastasov states “Even after overcoming all above objections, the first examiner also strongly doubts that a restricted independent claim comprising features from the description (or the drawings) would be patentable.” Reminder, this was in June 2006. We are now in 2012. Patent is still "pending". The holy grail is a license with a big name that avoids court. 95% of patent revocations in the UK are from the patent owners first action against and infringer (and the alleged infringer's biggest weapon). The other 5% go through the UK IPO process for revocation. If WGP persuade Quotrek or Ladrokes to license, it won't matter. WGP skyrockets, share price hits £8 and dangerous litigation avoided.
It won't go to court because any company will just follow the text of the European patent rejection in 2006 (especially in the UK). It was pretty damning. Patents are easy to get and hard to defend (the best way round though to help inventors get at least one foot in the door). However, there is a reason WGP have not had a patent license in the US ever (in 12 years) or any in UK in 9 years. This is a quote from the rejection from EPO dated 21 June 2006: "“All embodiments appear to lack either novelty or an inventive activity (Articles 54 and 56 EPC) compared to the documents cited in the search report (D1 and D2) and the COMMON GENERAL KNOWLEDGE OF THE PERSON SKILLED IN THE ART” [in relation to the time of the validity being Year 2000].". This was by the Examiner: Anastoyov, Y. This is the EPO's own opinion not that of an infringer. This is public domain and is routine 40 Euro search from any IP lawyer anywhere in the world. WGP need to SETTLE OUT OF COURT with an alleged infringer and then hope the others start to roll over without litigation. Or get a friendly big name license from Ladbrokes or IDC (Quotrek). If this gets to court, WGP is over and that's why they have not put anyone in court (and won't) despite appointing patent expert (Quest) in 2009 and Strategic Allies in 2007. Get a license by any means then others will be more inclined to be fearful of a court case. No licenses in 12 years is hardly scary right now.
Hi Bigg. WGP did a letter to shareholders basically saying they now realise OMT don't have any money so no offer. See RNS tab. Three weeks to work that out...
Whatever happened to that bid that was meant for the 24th?
welcome back lucky. been quiet.
Good to see you've kept a sense of humour !! I'll grab my tube of superglue and join you.! I think £8 could be a modest estimation, Mr Riches could then swap the reliant robin for a Bentley!!! Mange Tout Rodney
"world's largest MOBILE trading platform."
That's exactly why I invested originally. In my opinion, it only takes ONE big name in my opinion and this flies past the IPO price. I don't think £8 share price is exaggerated IF (BIG IF) such a scenario occured. I do mean a bona fide big name not ACME Mobile Traders Limited or an announcement with flowery language like "covered by", "in the domain of". An unequivocal patent licence and this skyrockets. Mind you, I've been saying this since 2007 (as have Worldlink) and still nothing. Still can't understand how WGP Directors have contrived to NOT get a license out of the world's largest financial trading company (Quotrek) who are owned by Worldlink's main partners, IDC. I would superglue Neil Riches' hand to the phone until he gets it. Or Ladbrokes. They have been partners for years too. Superglue his hand to the phone, don't let him eat and every time he says "Ramsgate", we zap him with a tazer.
Thanks for the write up. The bottom line appears to be that when the patent is accepted formally and licenced by one, or more, of the Ladbrokes of this world then those of us who are still in here could make a decent return. What are your thoughts of where it could end up, given the above happens?
for the info once again ink
Looks like Worldlink Brokers platform is a branded one from Saxobank's standard partner offerings. Same web and mobile platform as Saxobank and all the documents are Saxobank (you open an account with Saxobank and Worldlink/Chryson get commission on trades). Saxo regard Worldlink as a standard "Introducing Broker". I guess they will share their cut with Chryson. Saxo are apparently one of the largest partnering companies out there. I rang Saxo and got a fairly standard sounding partner response. Basically, you can get a full white label if you are FSA regulated yourself or you can get a Authorised Representative or Introducing Broker agreement but all accounts are the FSA regulated organisations. Apparently, if you have a group of friends who will trade together, you can open an Introducing Broker account and get commission on spreads for all trades. We should do one together! Anyway, the mobile platform also looks like Saxobank's own platform but no patent mention. Not that it is unusual, IDC, Ladrokes and Worldspreads are all WGP partners with mobile platforms but none have licensed the patent. Yet.